B.42/11: Consideration of accreditation proposals

The Board, having considered document GCF/B.42/03 titled “Consideration of accreditation proposals”:

  1. Takes note with appreciation of the assessments conducted by the Secretariat and the Accreditation Panel contained within the relevant documents for the following applicants for accreditation:
    1. Applicant 150 (APL150), the Banco Promerica de Costa Rica, Sociedad Anónima (Banco Promerica), based in Costa Rica, as contained in document GCF/B.42/03/Add.01;
    2. Applicant 151 (APL151), the Banque Nationale d’Investissement (BNI), based in Côte d’Ivoire, as contained in document GCF/B.42/03/Add.02;
    3. Applicant 152 (APL152), Development Bank of Namibia Limited (DBN), based in Namibia, as contained in document GCF/B.42/03/Add.03;
    4. Applicant 153 (APL153), the Development Finance Corporation (DFC), based in Belize, as contained in document GCF/B.42/03/Add.04;
    5. Applicant 154 (APL154), the Environment Protection Fund (EPF), based in the Lao People’s Democratic Republic, as contained in document GCF/B.42/03/Add.05;
    6. Applicant 155 (APL155), the JSC Georgian Energy Development Fund (GEDF), based in Georgia, as contained in document GCF/B.42/03/Add.06;
    7. Applicant 156 (APL156), the Saint Lucia Development Bank (SLDB), based in Saint Lucia, as contained in document GCF/B.42/03/Add.07; and
    8. Applicant 157 (APL157), the International Land and Forest Tenure Facility (Tenure Facility), based in Sweden, as contained in document GCF/B.42/03/Add.08;

    pursuant to paragraph 45 of the Governing Instrument for the GCF, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in the relevant addendum for each of the applicants, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;

  2. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL150, the Banco Promerica de Costa Rica, Sociedad Anónima (Banco Promerica), based in Costa Rica, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.01, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  3. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL151, the Banque Nationale d’Investissement (BNI), based in Côte d’Ivoire, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.02, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  4. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL152, the Development Bank of Namibia Limited (DBN), based in Namibia, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.03, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  5. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL153, the Development Finance Corporation (DFC), based in Belize, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.04, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  6. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL154, the Environment Protection Fund (EPF), based in the Lao People’s Democratic Republic, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.05, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  7. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL155, the JSC Georgian Energy Development Fund (GEDF), based in Georgia, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.06, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  8. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL156, the Saint Lucia Development Bank (SLDB), based in Saint Lucia, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.07, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  9. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL157, the International Land and Forest Tenure Facility (Tenure Facility), based in Sweden, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in section 4.2 of document GCF/B.42/03/Add.08, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  10. Takes note of the status of the fulfilment by accredited entities of accreditation conditions as assessed by the Accreditation Panel and summarized in document GCF/B.42/Inf.09 titled “Status of the GCF Resources, Portfolio and Pipeline”; and
  11. Decides that those entities referred to in annex II are also eligible to apply under the fasttrack accreditation process for the standards of GCF in accordance with decision B.08/03, paragraph (f), for entities under the Adaptation Fund.